Banimmo, the property redeveloping company, has announced that it is launching its Initial Public Offering for new category A shares with VVPR strip (reduced advance levy).
The subscription period began on Thursday 14 June 2007 and will close on Wednesday 27 June 2007, with a possible early closure. The transaction, excluding over-allocation option, will consist of a maximum amount of €55 million. An application has been made for admission of the existing 7,614,728 category A shares, the new category A shares and VVPR strips associated with these new shares, to the regulated Eurolist market by Euronext Brussels.
Bank Degroof and ING Belgium have been appointed as Joint Lead Managers and Joint Bookrunners. Kempen & Co is acting as Selling Agent.